MARTYUSA
05-31-2005, 04:40 PM
Got a tip today and was wondering if anyione had any insite at all.
GNBT (nasdaq)
GNBT (nasdaq)
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View Full Version : Anyone know about the company generex? MARTYUSA 05-31-2005, 04:40 PM Got a tip today and was wondering if anyione had any insite at all. GNBT (nasdaq) BigJim77 05-31-2005, 05:49 PM no, nothing here bro...... Chest Rockwell 05-31-2005, 06:43 PM I take it the info below is what you're referring to, Marty. It looks very interesting indeed. "Ecuadorian Ministry of Public Health gives Company go-ahead to sell Oral-lyn™ for diabetes treatment. TORONTO, Canada -- May3, 2005 -- Generex Biotechnology Corporation (NasdaqSC: GNBT), a leader in the area of buccal drug delivery, announced today that Oral-lyn™, its proprietary oral insulin spray formulation, has been approved for commercial marketing and sale by the Ecuadorian Ministry of Public Health for the treatment of both Type-1 and Type-2 diabetes." "Generex believes that this approval will pave the way for additional jurisdictional approvals around the world. The Company expects to be in a position to commence Phase III clinical trials of Oral-lyn™ in Europe and Canada later this year." “This milestone event represents the culmination of years of work,” said Anna Gluskin, Generex’s President & Chief Executive Officer. “This approval will mark our transition from a development-stage company to one that will generate revenues from commercial sales. This approval will also enhance our ability to procure additional similar jurisdictional approvals around the world. Oral-lyn™ stands ready to improve the quality of life for patients with diabetes through improved comfort and compliance which will also delay the onset of the many complications associated with this incurable disease. We would like to dedicate this achievement to the memory of E. Mark Perri, former Chairman of Generex and a founder and early inspiration of the Company.” |